Huffy exclusivity periods extended

By Caroline Salls

Pittsburgh, May 4 - Huffy Corp. was granted an extension to its exclusive periods to file a plan of reorganization and to solicit votes in an order filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Ohio.

Huffy's exclusive filing period was extended to July 12 from May 4 and its exclusive solicitation period to Sept. 10 from July 3.

In its April 8 motion for the extension, Huffy said the extra time would allow it "to avoid 'premature formulation' of a plan of reorganization and ensure it can take into account the interests of the various groups affected by the restructuring."

Huffy, a Miamisburg, Ohio-based bicycle and sporting goods company, filed for bankruptcy Oct. 20, 2004. Its Chapter 11 case number is 04-39148.

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